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  • 601 W Ocean Drive 316-D, Key Colony, FL 33051 (MLS# 620070)

601 W Ocean Drive 316-D, Key Colony, FL 33051

New Listing
$649,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,343 Status: Active
Current Price: $649,000 List Date: 7/21/2026 Last Modified: 7/21/2026

Overview

Description

Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony plus bonus ocean and sunset views from the guest bedroom balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hu ...

Listing Details MLS# 620070

Location, Tax & Legal

Street #
601
Direction
W
Street Name
Ocean
Street Suffix
Drive
Key/Island
Key Colony
State/Province
FL
Zip Code
33051
County
Monroe
Subdivision
Cay Condo (53.5)
Area
17 - Vaca Cut - Both Sides Holiday Inn/Key Colony
Unit #
316-D
City
KEY COLONY
Off Shore Island
No
Mile Marker
53.5
Marathon Neighborhood
N/A
Senior Community YN
No
Side
Ocean
Flood Zone
AE
Alternate Key #
1084425
Parcel #
00078330-003500
Zoning
R-3 - Multi Unit Res
Deed Restrictions
Yes
Legal
APT 316-D THE CAY CONDOMINIUM SHELTER KEY KEY COLONY BEACH
Taxes
5484.49
Tax Year
2025
Pub Sewer HkUp
Yes

Contract Information

Listing Board
Marathon/Lower Keys
As is Rght to Inspct
Yes
Potential Short Sale
No
Bank Owned
No
Species List
Yes

General Property Description

Realtor.COM Type
Residential - Condo/Townhouse
Style
Condo
Waterfront
Yes
Control Depth
2
Unit/Complex
Complex
Pool
Yes
Year Built
1975
Living Apx SqFt
1343
SqFt Source
Property Data Card
Total Bedrooms
2
Full Baths
2
Half Baths
Yes
Total Baths
3
Rentals Allowed
With Restrictions
Min Rental Days
14
Lot SqFt
0
Total Units
0

Association Info

Mandatory Home Owners Asc
Yes
1st Right of Refusal
No
Maintenance Fee $
6025
Assoc/Mnt Fee Per
Quarterly
Association Fee $
0

Building Style

Above Flood
Unknown
Stories
2 Stories
Townhouse
Yes

More Information

Pool Info

Heated
Yes
In Ground
Yes
Concrete
Yes
Decked
Yes

Financial Status

Bank Owned
No
Potential Short Sale
No

Remarks & Misc

Remarks – Consumer
Oceanfront Paradise Awaits at The Cay! Experience the ultimate Keys lifestyle in this pristine, never-before-rented 2-bedroom, 2.5-bathroom townhouse-style condominium. Boasting 1,343 square feet of beautifully updated living space, this residence features stunning, ocean views from the living room balcony plus bonus ocean and sunset views from the guest bedroom balcony. Inside, enjoy a flawlessly updated interior with luxury vinyl plank flooring downstairs, a renovated kitchen, stylish baths, and brand-new carpeting upstairs. It feels more like a home than a condo. Leave the windows open at night to the gentle sound of the ocean lapping against the beach--a soothing natural soundtrack perfect for relaxing and falling asleep. Situated just one unit back from the open ocean, the property is surrounded by lush tropical landscaping and offers premium community amenities, including a sparkling pool, a community room overlooking the ocean, and a sandy beach complete with a tiki hut. While this turnkey property offers excellent rental potential for savvy investors or part-time residents, The Cay's 14-day minimum rental restriction ensures a peaceful, exclusive atmosphere. It truly feels less like a busy high-turnover hotel and more like your private, quiet coastal sanctuary. Perfectly situated in the heart of Key Colony Beach, this premier location immerses you in the highly desirable lifestyle of ''The Gem of the Florida Keys.'' This incorporated island city offers an unmatched, relaxed atmosphere complete with its own walking and bike paths, scenic waterfront park (Sunset Park), a par-3 golf course, tennis and pickleball courts, and a vibrant selection of waterfront dining and charter fleets just minutes away.
Directions
US 1 to Sadowski Causeway. Right on W. Ocean Drive, The Cay is immediately on your left.

Fee Includes

Bldg Exterior Mnt
Yes
Building Insurance
Yes
Cable
Yes
Common Area Mnt
Yes
Sewer
Yes
Water
Yes

Dockage

None
Yes

Tax Exemptions

None
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes
Stainless Steel Appliance(s)
Yes
Washer
Yes

Pets

No Pets Allowed
Yes

Cooling

Ceiling Fans(s)
Yes
Central Air
Yes

Waterfront

Oceanfront
Yes
Open Water
Yes

Waterview

Ocean View
Yes
Open Water View
Yes

Floor

Carpet
Yes
Tile
Yes
Vinyl
Yes

Neighborhood Feature

Beach
Yes
Bike Paths
Yes
Community Pool
Yes
Manager on Premises
Yes
Tennis Courts
Yes
Other Area Features
Yes

Interior Features

Drapes/Blinds Incl
Yes
Entrance Foyer
Yes
Quartz Countertops
Yes
Sky Light(s)
Yes
Split Bedroom
Yes

Property Condition

Updated/Remodeled
Yes

Windows/Doors

Aluminum Windows
Yes
Impact Rstnce Doors
Yes
Sliding Glass Doors
Yes

Vehicle Storage

Guest Parking
Yes
Open Parking
Yes
Assigned Parking
Yes

Security

Patrolled Area
Yes

Construction

CBS
Yes
Concrete
Yes

Land Size

2 Less Than 5 Acres
Yes

Furnished

Furnished
Yes

Terms

Cash
Yes
Conventional
Yes
No Seller Finance
Yes

Utilities

Buyer to Verify
Yes
Cable Available
Yes
Elect Separate Meter
Yes
FKAA
Yes
Municipal Sewer
Yes

Porch/Balcony

Open Porch/Balcony
Yes

Title

Title Ins - Buyer
Yes

Exterior Features

Chickee Hut
Yes
Sandy Beach
Yes

Roof

Other Roof
Yes

Shutters

Accordion
Yes

Property Features

Fee Includes: Bldg Exterior Mnt; Building Insurance; Cable; Common Area Mnt; Sewer; Water Tax Exemptions: None Waterfront: Oceanfront; Open Water Waterview: Ocean View; Open Water View Dockage: None Property Condition: Updated/Remodeled Building Style: Townhouse Vehicle Storage: Assigned Parking; Guest Parking; Open Parking Furnished: Furnished Cooling: Ceiling Fans(s); Central Air Utilities: Buyer to Verify; Cable Available; Elect Separate Meter; FKAA; Municipal Sewer Interior Features: Drapes/Blinds Incl; Entrance Foyer; Quartz Countertops; Sky Light(s); Split Bedroom Appliances: Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Stainless Steel Appliance(s); Washer Exterior Features: Chickee Hut; Sandy Beach Pool Info: In Ground; Concrete; Decked Construction: CBS; Concrete Shutters: Accordion Floor: Carpet; Tile; Vinyl Roof: Other Roof Pets: No Pets Allowed Neighborhood Feature: Beach; Bike Paths; Community Pool; Manager on Premises; Tennis Courts; Other Area Features Security: Patrolled Area Land Size: 2 Less Than 5 Acres Terms: Cash; Conventional; No Seller Finance Title: Title Ins - Buyer
Listing Office: Coldwell Banker Schmitt Real Estate Co.
Last Updated: July - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Florida Keys MLS, Inc. Information provided is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The information being provided is for consumers’ personal, non-commeral use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS.

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